§ 6554 Branch Office Application Notice

Financial Code·California

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Key Takeaways

•If someone wants to open a new branch office, they must send in an application.
•The person in charge (commissioner) must tell all the other groups (associations) about this new application.
•The notice must include the name of the group opening the branch and where the new branch will be.

Example

A bank wants to open a new branch in a small town.

The bank sends an application to the commissioner. The commissioner then sends a notice to all other banks, telling them which bank is opening the new branch and where it will be located.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 6554 Branch Office Application Notice

Upon receipt of a complete application for a branch office, the commissioner shall give written notice of the filing of the application to each association. The notice shall state the name of the association and the name of the city or community in which the branch is proposed to be located. (Amended by Stats. 1985, Ch. 983, Sec. 8. Effective September 26, 1985.)

Last verified: January 23, 2026

Key Terms

commission association application effective september community

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 6554.

Key Takeaways

Example

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Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References